President To Choose Robert Zoellick As New World Bank President – Paul Wolfowitz Replacement Likely To Be American

President To Choose Robert Zoellick As New World Bank President – Paul Wolfowitz Replacement Likely To Be American

Robert Zoellick

(Best Syndication) President Bush will likely announce Wednesday that he has chosen Robert Zoellick, a former U.S. Trade Representative, as the new president for the World Bank. Zoellick will replace outgoing president Paul Wolfowitz who came under fire for giving a hefty raise to a girlfriend employed at the World Bank.

Zoellick was born July 25, 1953 and was raised in Illinois. He was US Deputy Secretary of State until July 7, 2006. Previously he was U.S. Trade Representative, from February 7, 2001 until February 22, 2005. His nomination is subject to approval by the Bank's Board of Directors.

Tony Snow told reporters today “I think we're getting pretty close (to choosing a replacement).” Reuters says that their sources say that the announcement will be made on Wednesday. Although many U.S. lawmakers and World Bank member countries wanted to throw the process open to a global pool of candidates, the President will likely decide on an American.

Zoellick was a U.S. Ambassador, White House Deputy Chief of Staff and Assistant to the President George H W Bush. Under George W Bush, he was named U.S. Trade Representative, with the rank of Ambassador. Zoellick completed negotiations to bring China and Taiwan into the World Trade Organization (WTO) and developed a strategy to launch new global trade negotiations at the WTO meeting in Doha, Qatar.

By Dan Wilson
Best Syndication Writer

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